What Embriq does

Embriq AS is a Norwegian private technology company that delivers industrialized IT for the Nordic energy sector and selected transaction-intensive industries. Founded in 2009 as a spin-off from Hafslund, the company is owned by British private equity firm Magnesium Capital and employs approximately 220-230 staff across Norway and Sweden, with headquarters in Oslo (Bjørvika) and offices in Halden, Stavanger, Molde, Arendal, Harstad, Gothenburg, Motala, and Uppsala.

Embriq's core offering is the Quant software suite, a cloud-native platform built on AWS covering meter data collection, quality assurance, and grid analytics. The suite includes Quant Core (SaaS for meter data management), Quant Insight (smart grid analytics processing over one million measurement points), Quant Flow (Integration as a Service), Quant Powercatch (field workforce management), Quant TP (production and metering data reporting to Swedish Energy Agency), Distribution Network Analytics, and Smart Metering Operations. Embriq complements this software with 24/7 managed IT operations, hybrid cloud services, IBM Power and Infor M3 ERP consulting, and Atlassian services (Platinum Solution Partner) delivered to customers such as BankID BankAxept, Vipps, Statsbygg, and CEPI.

The business model combines recurring SaaS subscriptions (Quant suite), recurring managed services contracts, and project-based consulting. Distribution is sales-led, with named-account enterprise sales targeting large Nordic utilities (Hydro, Equinor, Lnett, Eviny Fornybar, Tekniska Verken) and grid operators in Norway and Sweden, supplemented by Atlassian and IBM partnership channels. Pricing is quote-based enterprise pricing with no public disclosure. The company also generates brand visibility through the annual EmbriQon user conference, content marketing, and NIS2-focused regulatory thought leadership targeting Nordic energy-sector essential entities.

Name

Embriq

Legal name

Embriq AS

Website

https://embriq.no

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Embriq is a Norwegian PE-backed IT company providing the Quant SaaS suite, managed services, and Atlassian/IBM consulting primarily to Nordic energy utilities and grid operators, with growing presence in financial infrastructure and industrial clients across Norway and Sweden.

Ownership category

akta.pro rank

Product category

Energy Data Management Software

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Computer Facilities Management Services (541513), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Environmental Data Management Platforms (EHS/EMS, LIMS, ELN, Compliance Data Hubs) (EUAHAKAA)

akta.pro secondary industries

Data Engineering, Integration & ETL/ELT Services (BPAEAHAB), Data Security & Privacy Managed Services (DLP/Encryption) (BPAEADAL)

Keywords

• Smart metering software
• Grid analytics platform
• Energy IT operations
• Distribution network analytics
• Utility data management

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. SaaS / Software Subscriptions: Embriq generates recurring revenue from its Quant software suite delivered as SaaS on AWS. Quant Core, Quant Insight, Quant Flow, Quant Powercatch, and Quant TP are offered on a subscription/SaaS basis, with customers such as Lnett, Eviny Fornybar, and Hydro using these services on multi-year contracts.
2. IT Operations and Managed Services: 24/7 managed IT operations, infrastructure monitoring, and support services. Includes Service Desk, hybrid IT operations, cloud migration, and infrastructure management. Revenue is recurring through service contracts.
3. Consulting Services: Strategic consulting for the energy industry covering process optimization, architecture decisions, and digital transformation. Consulting engagements are project-based or retainer arrangements.
4. Atlassian Services: Atlassian Platinum Solution Partner providing Jira Service Management, Jira Software, Confluence implementations, data migration, and ongoing support to customers including BankID BankAxept, Statsbygg, Vipps, and CEPI.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Embriq is a Norwegian technology company that provides a proprietary Quant software suite (Quant Core, Quant Insight, Quant Flow, Quant Powercatch, Quant TP) for energy data collection, smart metering, and grid analytics on AWS, complemented by IT operations, managed services, and consulting. The Quant platform enables Nordic grid operators and utilities to collect, validate, and analyze smart meter data, manage field operations, and run distribution network analytics. The company also delivers Atlassian consulting, ERP (Infor M3), IBM Power infrastructure, and 24/7 managed services.

Product overview

Embriq is a technology company and leading provider of advanced IT operations, proprietary software, industrial IoT technology, and consulting services. The company's product portfolio centers on Quant Software, a comprehensive energy data management platform comprising multiple integrated modules: Quant Insight (advanced smart grid analytics), Quant Core (cloud-based metering data SaaS on AWS), Quant Powercatch (field workforce management), Smart Metering Operations, Distribution Network Analytics, Quant TP (metering value management), and Quant Flow (integration services). Embriq also delivers IT services including hybrid IT solutions, IBM Power mission-critical systems, Infor M3 ERP consulting, Atlassian services (Platinum Solution Partner), and 24/7 operational support. The company focuses primarily on the energy sector, helping grid operators and utilities optimize operations through industrialized IT, and also serves industrial and other transaction-intensive sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Quant: Cloud-based software portfolio for energy data collection, quality assurance, and analytics including Quant Collect, Quant Core, Quant Insight, Quant Flow, and Quant TP
• Quant Powercatch
• Quant Insight
• Quant Core
• Smart Metering Operations
• Distribution Network Analytics
• Aces

Products and services

• Quant Software Base platform providing scalable cloud solutions combined with communication network and power grid analytics tools, along with complete Elhub-adapted functionality for Norwegian energy data management.
• Quant Insight Advanced SaaS analytics platform for smart grids that analyzes data from smart meters to provide grid operators with comprehensive operational insights, processing over one million measurement points.
• Quant Core Cloud-based SaaS solution on AWS for collection, quality assurance, and value enhancement of metering data, enabling faster updates and improved response times under high loads.
• Quant Powercatch Workforce planning and field service management platform that supports key workflows for planners, work supervisors, and field technicians to ensure more efficient grid operations.
• Smart Metering Operations Comprehensive solution for smart meter infrastructure management, enabling grid digitalization and operational intelligence for utility companies.
• Distribution Network Analytics Analytics solution leveraging real-time grid data and advanced software to optimize distribution network utilization and better manage grid constraints amid power capacity challenges.
• Quant TP Metering data and product management service (TP-tjänst) for daily handling of metering values and reporting to energy authorities, including CESAR reporting for certificates of origin.
• Quant Flow Integration as a Service (IaaS) adapted to energy industry processes, providing communication and data exchange capabilities for grid operations.
• Aces Additional product in the Embriq portfolio for energy and industrial sector solutions.
• Atlassian Services Atlassian consulting and support services including Jira Service Management, Jira Software, and Confluence implementation, delivered by an Atlassian Platinum Solution Partner.
• IT Services Comprehensive IT operations including hybrid IT solutions, cloud migration, modern workplace deployment, and 24/7 operational support and monitoring.
• IBM Power Solutions Mission-critical IBM Power infrastructure solutions and services for business-critical computing requirements.
• ERP Services Enterprise Resource Planning consulting services with specialization in Infor M3 ERP systems for manufacturing and distribution operations.
• Consulting Services Strategic IT consulting services for the energy sector and other industries, helping clients identify opportunities, develop processes, and make architecture decisions.

Quantifiable outcome

• Quant Insight surpassed one million measurement points processed
• +3 more outcomes

Named customers20 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Secure-NOKcoreStrategic or Co-development PartnerEmbriq partnered with Secure-NOK to strengthen its OT security service offerings. Secure-NOK specializes in cybersecurity solutions for operational technology environments critical to energy infrastructure. Embriq delivers 24/7 business-critical operational services and the partnership enhances OT security capabilities for energy sector customers.
• SecurELminorStrategic or Co-development PartnerEmbriq is a proud sponsor of SecurEL, an innovative research center working to develop solutions that strengthen security and evolve the secure power supply. Supports Embriq's cybersecurity and NIS2 compliance focus for the energy sector.
• AtlassiancoreTechnology or IntegrationEmbriq is an Atlassian Platinum Solution Partner, one of the most experienced and qualified in Norway. Provides Jira Service Management, Jira Software, and Confluence implementation, migration, and support services to customers including BankID BankAxept, Statsbygg, Vipps, CEPI, and Protan.
• AWS (Amazon Web Services)coreTechnology or IntegrationQuant Core SaaS is built and operated on AWS, leveraging cloud-native capabilities for continuous deployment, scalability, and security features. Lnett and other customers are served via AWS-hosted Quant SaaS platform.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Siemens Smart Infrastructure: Siemens Smart Infrastructure offers grid software (PSS, Gridscale X) and energy management solutions for utilities globally. Larger incumbent competing for distribution network analytics and grid optimization RFPs in Europe.
• Landis+Gyr: Landis+Gyr is a global leader in smart metering and grid management solutions, owning Aidon. Competes broadly with Embriq's Quant Insight and Smart Metering Operations for large utility AMI and analytics contracts.
• Itron Inc. Itron is a global provider of smart metering, grid intelligence, and connected infrastructure for utilities. Competes with Embriq's full Quant stack in the broader smart-grid analytics category.

Direct peers

• Hansen Technologies: Hansen Technologies provides billing, CRM, and meter data management software for utilities globally. Overlaps with Embriq's Quant suite in CIS-adjacent and meter data management capabilities for energy and district heating customers.
• Kamstrup A/S: Kamstrup is a Danish manufacturer of smart metering, grid analytics, and heating solutions serving European utilities. Comparable in meter data and energy analytics with deep Nordic presence, though more hardware-led.
• Powel AS: Powel is a Norwegian software provider for the energy sector, offering meter data management, grid analytics, and energy market solutions to Nordic utilities. It is the closest direct peer to Embriq, competing head-to-head for DSO and energy-utility software contracts in Norway and Sweden.
• Aidon Oy: Aidon (Landis+Gyr-owned) provides smart metering and meter data management systems to Nordic and European utilities. Comparable to Embriq's Quant Core/Quant Insight stack for AMI and meter data collection.
• Tietoevry Industry: Tietoevry is a major Nordic IT services and software provider with energy-industry offerings including utility billing and energy data management. Comparable to Embriq on Nordic footprint, energy vertical focus, and managed IT services.

Regional players

• Vitec Software Group: Vitec is a Nordic vertical-software group with utility and energy-software operations (e.g., Vitec Energy). Comparable on Nordic vertical-software playbook and recurring SaaS revenue model in the energy segment.
• Scanmatic AS: Scanmatic is a Norwegian technology company delivering IoT, sensor, and energy-grid solutions to Nordic utilities. Comparable in Nordic energy-sector IoT and grid visibility use cases overlapping with Quant Insight.

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/embriq
• Facebookfacebook.com/rejlers-embriq-1699925783589117
• LinkedInlinkedin.com/company/embriq

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Embriq